12/29/04:While holiday retail numbers are still being tallied, there is agreement among the experts at ICSC and the National Retail Federation about the outcome. There was an increase of anywhere from 3% to 4.5% over last year’s holiday sales, and this should bring a sigh of relief to the retailers. But wait. Not so fast. Although it is a welcome sign that consumers continue to prime the economy with their purchasing power, consider the retailers’ bottom lines. In a world where energy costs have risen 40% in the past year, the cost of borrowing has risen steadily and competition from online retailing is taking a bigger bite, don’t be surprised to see some incredible write-downs among the nation’s largest retailers. It’s not only the consumer that has the holiday hangover.
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EQUIS CORP. (ATLANTA) Brett Pingle has been promoted to associate vice president, moving up from his previous role as associate. Pingle, who specializes in industrial properties, has worked at Equis since 2001.
CYPRESS CREEK CAPITAL (FT. LAUDERDALE, FL) New to the firm are Steven Beauchamp and Jan David Reese. Both have joined as executive vice presidents in the capital markets group, and both were most recently in senior positions at Grubb & Ellis’ Landauer Capital Markets organization.
SIGNATURE ASSOCIATES (LANSING, MI) Janet McDonald has joined the firm’s local commercial brokerage team, specializing in industrial, office and retail brokerage services.
NAI OLYMPIA PARTNERS (INDIANAPOLIS) Lori Ballard has joined the firm as associate in its industrial division. Ballard was most recently at a large industrial development company, where she worked in business development.
NORTH AMERICAN PROPERTIES (ATLANTA) The company has brought in Gill Sallade as senior development manager and Sheri Ross as leasing agent. Sallade was previously senior development manager at the Sembler Co.; Ross also comes from the Sembler Co., where she was leasing representative.
Ideal candidate will structure real estate transactions for the syndicated and mezzanine loan markets, which includes making presentations to clients and other banks and participating in credit approval meetings. He or she will also review, gather information and work with junior officers in preparation of information memorandums and distribution strategies.
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